US home prices climb 12.4 percent in July

U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market that’s increasingly favoring sellers amid a tight supply of available homes for sale. ( AP Photo/Gregory Bull, File)

LOS ANGELES (AP) — U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market that’s increasingly favoring sellers amid a tight supply of available homes for sale.

Real estate data provider CoreLogic said Tuesday that home prices in every state but Delaware climbed on annual basis in July.